Accounts Payable & Receivable / Job Costing and Class Coding

Accounts Payable Services

Having a professional monitor that all your payments are made on time, and you’ll have no missed or duplicate payments. Some of the benefits of using Frostbite Books as your AP provider include:

• Invoices and receipts stored and managed in the cloud, letting you say goodbye to filing and retrieving paper documents
• Automated process for the submission and
• journal entry of invoices
• Easy invoice approval process, with invoices submitted automatically to the proper signing authorities for approval
• Payments made when due, taking advantage of early payment discounts when available, and avoiding constant reminders from vendors and/or late fees
• Automated payments made by electronic transfers and notifications sent to vendors

Accounts Receivable Services

Having someone you trust manage your accounts receivable helps collecting every dollar possible, giving you more control over your cash flow. Our accounts receivable services include updating accounts receivable listings, vendor and purchase reconciliations, and reporting on receivables status and overdue receivables.

Job Costing and Class Coding

Job costing and Classification is crucial for businesses aiming for financial precision and strategic decision-making. Job costing involves the tracking and allocation of expenses related to specific projects, providing businesses with a detailed understanding of the true costs associated with each endeavor. This practice enables accurate financial reporting and effective budgeting, empowering businesses to understand a job’s direct and indirect costs. Costing and Classifications allows businesses to make informed decisions about pricing, resource allocation, and overall project management.